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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
218, Lucey Way is recorded publicly as a modern leasehold apartment across 1,119 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 218, Lucey Way is £430,936 and its rental estimate is £2,417 per month, given the available information and assuming reasonable condition.
Lucey Way, London, SE16 falls within the SE16 postal district, in the borough of Southwark.
218, Lucey Way has a single entry in the Land Registry from October 2009 and a single entry in the EPC database dated July 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 218, Lucey Way, we estimate a market value of £452,483 and a rental value of £2,538 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £400,770 and £2,248 per month respectively.
Over the last year, 218, Lucey Way has seen its estimated sale value fall by £12,468 (2.9%) and its estimated rental value move up by £132 per month (5.5%). This results in an estimated gross rental yield of 6.7%.
218, Lucey Way has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jul 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
The most recent sale of 218, Lucey Way completed on 29th October 2009 at £215,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 87.4% over the period since October 2009.
Over the past 2 years 3 properties similar to 218, Lucey Way have sold within a radius of 280 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd October 2024, was 244, Lucey Way, London, SE16 3UG, a leasehold flat which sold for £375,000.
Read more about house prices in SE16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 234 addresses on Lucey Way, London, SE16, 218, Lucey Way comes out as the 36th largest and the 36th most expensive in our analysis of the public data.
It is also £22k less expensive than the average property across the SE16 district.
From 218, Lucey Way, the nearest station is Bermondsey, 400 metres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 218, Lucey Way, 72.7% of property is socially rented and 13.3% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 218, Lucey Way, 23.4% of residents are recorded as possessing school level qualifications and 28.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 218, Lucey Way, the average age was 34.9 and the most common age was 27.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 218, Lucey Way, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 218, Lucey Way, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
